American Premium Water Corp. (HIPH)

[fanglemeister]

For those questioning investing anywhere near R.E. today, perhaps this article might help.

"Cleaning Up After Real Estate Debacle"
http://www.crainsnewyork.com/article/20091213/SMALLBIZ/312139983

The article makes it clear that some very smart new players are not only looking into the RE financing market right now, they are diving into this market head-first RIGHT NOW to get a jump on the less nimble players.

An excerpt:

"The new entrants see a gold mine in helping clients restructure loans, find alternative sources of capital, form partnerships or sell assets.

'There is certainly going to be a need for specialized knowledge,' says Tom Geurts, director of economic affairs at New York University's Schack Institute of Real Estate. 'A lot of the big banks have been marginalized, so there is an opportunity for [the new entrants] to create a niche.'"


My sentiments exactly, wrt EXPU.

Neighborhood Banks are virtually frozen in their tracks, too afraid to lend out much money. Enter EXPU, to capitalize on the growing need for specialized knowledge and connections in the local North Miami real estate mortgage and financing arena.

PS: one other significant 2009 milestone not mentioned here recently: the South Florida coastal area is a huge condo market, and there are some screaming buys available all over down there right now. In 2009, the FHA greatly relaxed their requirements for financing condos; as long as a condo building is at least 50% occupied, buyers can now get an FHA loan for condo units in addition to single family dwellings. As a result, FHA loans on condos went from 5% in 2008 to over 20% of the total in 2009.